IMARC Group, a leading market research company, has recently releases report titledPecans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, The study provides a detailed analysis of the industry, including the global pecans market trends, size, share, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the pecansmarket?
The global pecansmarket size reached US$ 2.24 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.02 Billion by 2028, exhibiting a growth rate (CAGR) of 5.00% during 2023-2028.
What is Pecans?
Pecans are a type of nut native to North America, specifically the southern United States and northern Mexico. They are the fruit of the pecan tree (Carya illinoinensis) and are closely related to hickories. Pecans have a rich, buttery flavor and are commonly consumed both raw and cooked. They are a key ingredient in various culinary applications, including desserts like pecan pie, as well as in savory dishes. Pecans are also used to make oils that are utilized in cooking and salad dressings. Nutritionally, they are a good source of healthy fats, particularly monounsaturated and polyunsaturated fats, and contain significant amounts of vitamins and minerals like vitamin E, magnesium, and zinc.
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What are the growth prospects and trends in the pecans industry?
The growing awareness of their health benefits, such as reducing the risk of heart disease, represents one of the key factors driving the growth of the market across the globe. Pecans are rich in healthy fats, vitamins, minerals, and antioxidants which is driving its demand. Pecans are used in a variety of culinary applications, from sweet desserts like pecan pie to savory dishes, which increases their market appeal. As disposable incomes rise in emerging economies, the demand for premium nuts like pecans is also increasing. The shift towards healthy snacking options is leading to an increase in the consumption of nuts, including pecans, as they are perceived as a nutritious alternative to traditional snacks. The growth of supermarkets and online retail platforms is making it easier for consumers to access pecans, which is driving sales. The development of pecan-based products, such as oils and spreads, is diversifying the market and attracting a wider consumer base. With growing interest in plant-based diets, pecans are seen as a valuable source of plant protein and are incorporated into vegan and vegetarian diets which is facilitating the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Raw
- Processed
- Others
Breakup by Application:
- Household
- Commercial
- Food Industry
- Cosmetic and Personal Care
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Who are the key players operating in the industry?
The report covers the major market players including:
- Debbie Roy Brokerage Company Inc.
- Diamond Foods LLC (Blue Road Capital)
- Durden Pecan Co, Ellis Bros. Pecans Inc.
- Guidry Organic Farms L.L.C.
- Hudson Pecan Co. Inc.
- John B. Sanfilippo And Son
- Lamar Pecan Company LLC
- Merritt Pecan Company Inc
- Royalty Pecan Farms LLC
- The Alabama Pecan Company LLC
- The Great San Saba River Pecan Company Inc (Chase Farms)
- Whaley Pecan Company Inc.
- Wharton Ranch Inc
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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